TradingSports, the person-to-person (‘P2P’) sports betting exchange system provider, today announces its intention to float on the Alternative Investment Market of the London Stock Exchange (‘AIM’) and to raise capital by means of an institutional Placing.

Evolution Beeson Gregory is Nominated Adviser and Broker to the Group.

Brief summary on TradingSports:

TradingSports is a P2P sports betting exchange system provider offering a technology platform to sports betting companies, through which individuals bet on live sporting events at any point before or during the event

TradingSports has signed contracts with several major online sports betting companies, including Sportingbet, BetonSports, TradIndex, SBG Global, and Worldwide Telesports; the Directors believe these contracts provide access to a large pool of potential online gambling bettors

Revenue share marketing agreements also signed with Gamblers World and Matchedbets

By providing an exchange service with several participating members, bringing a significant user base, TradingSports’ service helps ensure that the number of potential people to bet with is far greater than could be provided by one individual bookmaker

TradingSports has the required technology to offer an exchange platform that may handle up to 100,000 concurrent connections

TradingSports has no direct relationship with bettors, does not handle money of individual bettors and is not exposed to the gambling risk associated with a bookmaker as it does not risk its own capital

Commenting on the planned fund raising and flotation on AIM, Joe Tighe, Chief Executive of TradingSports, said:

‘The fund raising and flotation will greatly assist TradingSports to exploit the considerable opportunities that exist in person-to-person betting, the fastest growing area of the wagering market. With the solid base of our long-term exclusive contracts, the pooled number of bettors available to the betting market, as well as the robustness and flexibility of our own technology, the flotation is a key step for TradingSports to rapidly increase its stake in this exciting sector.’

For further information, please contact:

Trading Sports T: 020 8780 6000
Joe Tighe, Chief Executive

Evolution Beeson Gregory T: 020 7488 4040
Michael Brennan / Jeremy Ellis

Buchanan Communications T: 020 7466 5000
Bobby Morse/ Mark Edwards M: 07802 875227